$375,000
SOLD APR 17, 2015

522 Magnolia Way Corolla, NC 27927

Corolla Neighborhood
3 Beds
2.5 Baths
1,850 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$203 Per Sq Ft

4% Below List Price

Highlights

  • Community Beach Access
  • Health Club
  • Home fronts a sound
  • Views of a Sound
  • Golf Course Community
  • Gated Community

About This Home

As of October 2021

Pristine soundfront home located directly on Magnolia Bay! This well cared for soundfront home offers 3 bedrooms with 2.5 bathrooms and some of the best views around. Home has never been rented and is in excellent condition. Lot large enough to add pool.

Last Agent to Sell the Property

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 03/17/2015

Keller Williams - Outer Banks

Last Buyer's Agent

Matt Myatt

Keller Williams - Outer Banks License #218707 Listed on: 03/17/2015

Keller Williams - Outer Banks

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,836

Year Built

  • Built in 1997

Lot Details

  • Home fronts a sound
  • Property fronts a private road
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $466 Monthly HOA Fees

Home Design

  • Reverse Style Home
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 1,850 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Views of a Sound
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Sun Deck
  • Covered Deck
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot #21

Community Details

Overview

  • Association fees include common electric, common insurance, grounds maintenance, management, pool, road maintenance, security, tennis courts, walkways
  • Tcc Magnolia Bay Subdivision

Recreation

  • Community Beach Access
  • Golf Course Community
  • Health Club
  • Tennis Courts
  • Community Playground
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,836

Year Built

Built in 1997

Lot Details

0

HOA Fees

$466 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan
  • Directions: Main entrance to TCC. Left on Hunt Club Drive. Right on Magnolia Way. House on Right.
  • Extras: Ceiling Fan(s), Covered Decks, Garage Door Opener, Jet Tub, Landscaped, Lawn Sprinklers, Outside Lighting, Outside Shower, Smoke Detector(s), Sun Deck
  • Flood Zone: AE
  • Headline: Soundfront in Magnolia Bay
  • Heated Sq Ft: 1850
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: Soundfront
  • Zoning: Res
  • Deed Book Pg Number: 0275
  • Major Subdivision: The Currituck Club
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer
  • Bedrooms: 3
  • Countertops: Laminate
  • Floor Coverings: Carpet, Ceramic Tile
  • Foundation: Piling, Slab
  • Full Bathrooms: 2
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Some Windows Treated, Washer Connection
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Cement Fiber Board
  • Roof: Asphalt/Fiber Shingle
  • View: Sound

Garage/Parking

  • Garage: 1 Car, Attached
  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Common Electric, Common Insurance, Grounds Maintenance, Management, Pool, Road Maintenance, Security, Tennis Courts, Walkways
  • Association Amenities: Gated Community, Golf Course, Health Club, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 5596

Lot Info

  • Lot Description: Level, Water Frontage
  • Lot Number: Lot #21
  • Deed Book: 0745

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2014
  • Taxes: 1836

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2024
Sold by
Arrington Theresa S
Bought by
Condrey Barry and Condrey Debra
Current Estimated Value
$685,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,000
Outstanding Balance
$634,857
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$50,780

Purchase Details

Listed on
Jul 28, 2021
Closed on
Sep 20, 2021
Sold by
Morris John W and Morris Kimberly S
Bought by
Arrington Theresa S
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Tammy Russell
Keller Williams - Outer Banks
List Price
$525,000
Sold Price
$561,000
Premium/Discount to List
$36,000
6.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%
Original Mortgage
$420,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 17, 2015
Closed on
Apr 17, 2015
Sold by
Hamilton Alden and Hamilton Janet
Bought by
Morris John W and Morris Kimberly S
Seller's Agent
Matt Myatt
Keller Williams - Outer Banks
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$389,900
Sold Price
$375,000
Premium/Discount to List
-$14,900
-3.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$300,000
Interest Rate
3.84%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $770,000 None Listed On Document
Warranty Deed $770,000 None Listed On Document
Warranty Deed $561,000 None Available
Warranty Deed $561,000 None Listed On Document
Warranty Deed $375,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $693,000 New Conventional
Closed $693,000 New Conventional
Previous Owner $420,750 New Conventional
Previous Owner $300,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $561,000 +6.9% $303 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $525,000 0.0% $284 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $525,000 +40.0% $284 / Sq Ft
04/17/2015 04/17/15 Sold $375,000 -3.8% $203 / Sq Ft
03/17/2015 03/17/15 For Sale $389,900 -- $211 / Sq Ft
03/14/2015 03/14/15 Pending -- -- --
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,328 $394,800 $143,000 $251,800
2023 $3,328 $394,800 $143,000 $251,800
2022 $2,520 $394,800 $143,000 $251,800
2021 $2,505 $330,600 $130,000 $200,600
2020 $2,075 $330,600 $130,000 $200,600
2019 $2,075 $330,600 $130,000 $200,600
2018 $2,075 $330,600 $130,000 $200,600
2017 $1,885 $330,600 $130,000 $200,600
2016 $1,885 $330,600 $130,000 $200,600
2015 $1,837 $330,600 $130,000 $200,600
Source: Public Records

Agents Affiliated with this Home

  • Matt Myatt

    Seller's Agent in 2021

    Matt Myatt

    Keller Williams - Outer Banks

    (252) 207-6588

    193 in this area

    410 Total Sales

    Matt Myatt
    Section Image

  • T

    Seller Co-Listing Agent in 2021

    Terry Blocher

    Keller Williams - Outer Banks

    (252) 457-1906

    137 in this area

    229 Total Sales

    Terry Blocher
    Section Image
  • Tammy Russell

    Buyer's Agent in 2021

    Tammy Russell

    Keller Williams - Outer Banks

    (252) 489-8054

    29 in this area

    151 Total Sales

    Tammy Russell
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 87195

Outer Banks Association of REALTORS®

APN: 127D-000-0021-0000

North Carolina Currituck County Corolla 27927 Corolla

522 Magnolia Way, Corolla, NC

This home is located at 522 Magnolia Way, Corolla, NC 27927 and is currently priced at $375,000, approximately $202 per square foot. This property was built in 1997. 522 Magnolia Way is a home located in Currituck County with nearby schools including Knotts Island Elementary School, Currituck County Middle School, and Currituck County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Outer Banks Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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